SBI Card appoints Salila Pande as new MD & CEO 

SBI Card, one of India’s largest pure-play credit card issuers, announced today that Salila Pande has taken charge as the company’s new Managing Director and Chief Executive Officer, effective April 1, 2025.

The shares of SBI Cards and Payment Services Limited were trading at ₹856.50, down by ₹24.60 or 2.79 per cent on the NSE today at 1.20 pm.

Pande, a veteran banker with nearly three decades of experience at State Bank of India (SBI), succeeds the previous chief executive at the credit card giant that currently has over 20 million cards in force as of December 2024.

Prior to this appointment, Pande served as Chief General Manager of SBI’s Mumbai Metro Circle, where she led the bank’s retail business operations in India’s financial hub. She previously held the position of President and CEO of SBI California, guiding the bank through economic challenges during the COVID-19 pandemic.

SBI Chairman Challa Sreenivasulu Setty expressed confidence in Pande’s leadership, stating that under her guidance, SBI Card would “continue to innovate, expand and create value for all stakeholders.”

In her statement, Pande highlighted her focus on leveraging India’s digital foundation and changing demographics to drive growth in digital payments adoption. She emphasised her commitment to enhancing customer experience and strengthening SBI Card’s market position.

Pande brings extensive expertise in international banking, retail operations, risk management, and trade finance. A gold medalist in M.Sc. Physics, she holds Financial Risk Manager certification and is a Certified Associate of the Indian Institute of Bankers.